#Manapuram financeStock is ready to complete round bottom pattern, strong volume seen...keep in radar as per levels marked
MANAPPURAM trade ideas
Manappuram Finance - Daily - cmp 116Stock has made an inverted head and shoulders pattern on daily charts.
Plus there is a golden crossover on daily charts. Bullish sign.
(Lets see if it holds the pattern and indications)
Above neckline of 126
Targets can be 132-139-146
SL - daily closing below 107
Alwasy trail your profits.
*This is just a view. trade on your own risl
Bullish move in Manappuram Finance ?In today's session Manappuram Finance showed some wild swings. CMP corrected almost 4.33% in first 15 min of today's opening. But its price chart is quite interesting if you look carefully. The first candle in 15 min timeframe showed stock corrected almost 4%, but in the same candle a bearish shadow can be observed somewhat equivalent to the length of the body itself, this indicates buying of course. After an hour, stock price moved in consolidation as marked in the image and this lasts till the end of the day.
So, according to my analysis Manappuram Finance will move bullish tomorrow. If the price breaches above 118.70 then it could easily achieve the target levels marked on the image. By saying this, it doesn't means that price would straight up to the target levels after tomorrow's opening. Price may test the bottom of the rectangle more then once, before moving to the desired territory. So have patience on that part.
BuyBuy on daily close abv 126. stop loss 106 on closing basis target 1-173 ( May 2023). Target 2 -215 ( Sept 2023)
Disc : It's not an investment advise to buy or sell. Do your research
Inverted head and shoulder development in Manappuram FinanceThe stock is making an inverted head and shoulder pattern.
The resistance has been tested multiple times as well.
Buy above 126.25 level (on day closing basis) for first target of 139 (previous strong support/resistance zone)
Learn & Earn,
Dr. Tanya Kumar
manappuram poised for breakoutstock is looking good for breakout on daily time frame. has tested the channel multiple times and also formed cup and handle pattern. RSI is on raise and 50 MA has crossed over 200 MA. stock has also seen recent volumes. CMP 122.35. early entry would be above 125 and confirmed /safe entry will be on break of channel
Stock looks good buy above 125 with SL of 106.80 with target of 160/173/180
Inverse head and soulder formed in manappuram target 140according trend analysis inverse head and soulder and slanted line formed and the neckline breakout the price will touch 140 soon
Relative performance of scrip vs NIFTYRelative performance of scrip vs NIFTY Relative performance of scrip vs NIFTY Relative performance of scrip vs NIFTY
MANAPPURAM FIN LONGBuy MANAPPURAM FIN for Target 1= 114 Target 2= 124
with SL below 89
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
MANAPPURAM | Good swing trade opportunity !!!RRR 1:5 earning opportunity Swing Trade…
CMP: 90.40 (Buy @ 92.70)
SL: 81.50
Target: 109.05 | 126.15 | 153.70
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and have fun!!! Don’t take me seriously…..
Happy trading !!!
MANAPPURAM FINANCE POSSIABLE BREAKOUT Mannappuram fianance has a possiable breakout with the tgr : 141, 159
#MANAPPURAM buy on close abv 123 , tgt 133 /142 /155buy on close abv 123
for tgt 133 / 142 / 155
stoploss 107
Manappuram expanding triangle Mamappura looking good for long term
All views are shared only for educational purposes
Swing Trade Oppourtunity in MANAPPURAM FINANCEBUY @ Current Price or After Crossing 113.75 .
SL @ Close Daily candle Below 109.
Target 1 - 119.
Target 2 - 125.
Reason For Trade -
Breakout the resistance of BLUE LINE and then Good pull back and from last few days good wicks formations.
RSA also in favour i.e.above 60 (Bullish).
Please Like.
Buy MANAPPURAM currently in up moveNSE:MANAPPURAM braked trend line and shows uptrend pattern.
Higher high and lower low
Buy Target= 20% above
MANAPPURAM FINANCE LTD - Crossover Trade📊 Script: MANAPPURAM (MANAPPURAM FINANCE LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MID CAP / NIFTY FINANCIAL SERVICES
📊 Sector: Financial Services
📊 Industry: Non Banking Financial Company (NBFC)
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Volume is increasing along with price which is volume breakout.
📈 Current RSI is around 70.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 116.65
🟢 Target 🎯🏆 - 138
⚠️ Stoploss ☠️🚫 - 106
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
Manappuram for medium term investmentHead and Shoulders on weekly timeframe. Target as indicted on chart.
MANAPPURAM - Ichimoku Bullish Breakout Stock Name - Manappuram Finance Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 117
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
Trying to forget downtrendChart -> Manappuram Finance Daily
After a brief downtrend, the stock is trying to create a base with a cup and handle formation breakout and volume.
CMP: 116
Targets: 126, 147
Good range: Around 110
SL: 106 Daily close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
